A2m - Rising competition or just market cycles?
Updated
I've been watching this chart for a while and there are a few note worthy patterns to have me believe that that its solid bull run of over 1000% has come to a short end and while this may be disappointing to some it is also an opportunity for many to find a excellent entry into a solid company.
With that being said our currently situation is showing exhaustion from the bears, and underwater investors smiling with excitement at an opportunity to sell a break even (the gap at mid 15 dollars).
If your liking the charts so far give me a follow and click that like button. Ill aim to get out two to three charts a week.
With that being said our currently situation is showing exhaustion from the bears, and underwater investors smiling with excitement at an opportunity to sell a break even (the gap at mid 15 dollars).
If your liking the charts so far give me a follow and click that like button. Ill aim to get out two to three charts a week.
Note
Daily chart - Update - Unexpectedly we have seen another daily push towards Zone A (likely shorting zones for traders). My thoughts, a decrease in volume accompanied with an increase in price, has me believe shorts are being filled. Coupling that with hidden bearish divergence on the RSI and the large gap at 13.21 (over resistance) one cant be anything but bearish. I have set two targets A and B, both of which are shorting zones. That's not to say price will not surpass either A or B. Any increase in price above those zone will have this chart invalidated (possible shorting squeeze). Good luck traders - Red
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